Islamabad: The Government of Prime Minister Shehbaz Sharif burned midnight oil to block approximately a reduction of RS10 per liter in the main oil products (gasoline and diesel, almindir the Ordinance of Petroleum Products Products (oil collection) 1961.
Government officials said that the Government was already charging the maximum petroleum tax allowed by gasoline, high -speed diesel (HSD) and high octane mixture component (Hobc) to RS70 per liter, so a new law was required to maintain prices without changes at the existing level.
This was carried out through an amendment to the Petroleum Collection Law and an increase in RS80 tax per liter. The government has decided not to let oil prices decrease even more, which could cause greater demand, foster carbon emissions and cost a greater division.
In the global market, gasoline and HSD prices have decreased by approximately $ 6 and $ 5 per barrel, respectively, in the last two weeks. The prime minister announced that the funds raised through the increase in the tax would be spent on the construction of roads in Sindh and Baluchistan, apparently to guarantee the political support of the partners of the coalition.
The Government has also granted a company to the IMF to impose around RS5 per liter of carbon collection as part of the resilience and sustainability installation of $ 1.3 billion with effect as of July 1.
Ordinance of amended oil products to avoid price drop
Therefore, the price of ex-depot gas has remained unchanged in RS254.63 per liter. Gasoline is mainly used in private transport, small vehicles, Rickshaws and two -wheeled vehicles and directly impacts the budget of the middle and low classes.
The ex-sports of high-speed diesel has remained unchanged in RS258.64 per liter.
The government is now charging around RS96-97 per liter in gasoline and diesel as taxes.
Posted in Dawn, April 16, 2025
